EMAS bags US$115 million in contracts

June 15, 2015

Singapore-listed, Ezra Holdings’ subsea division, EMAS AMC, won US$115 million worth of global contracts for work in Asia, the UK and West Africa.

Utilizing its $600 million vessel, Lewek Centurion, in Asia, EMAS AMC with EMAS Energy will provide subsea pipeline free span work, well plug and abandonments, slickline and nitrogen operations, well stimulation and pipeline pre-commissioning for a variety of national oil companies.

In the UK North Sea, EMAS AMC will conduct rigid pipelay on the Aviat field development. This includes project management, detailed engineering, procurement, and installation of 23.2km rigid pipelines and 24km umbilical via reel, flexible riser, spools, and structures as well as pre-commissioning.

The group will utilize its spoolbase, EMAS Marine Base Gulen, located on the West coast of Norway to fabricate the 24km rigid pipeline and its pipelay reel vessel, Lewek Express.

In West Africa, the project mix includes engineering and offshore support work for an oil major, which will be undertaken together with Ezra’s subsidiary company, EMAS Offshore. Other subsea contract work includes ROV support services and High Voltage Alternate Current (HVAC) pull-ins.

Ezra’s subsea division, EMAS AMC, experienced a decrease in revenue for 1Q 2015.  This was due to the lower revenue contributions from Lewek Express and repair of Lewek Champion causing the vessel to be out of operations since October 2014.

The group’s offshore support and production division, EMAS Offshore also saw 1Q 2015 revenue decrease by $18.7 million and weakness in the platform support vessels (PSV) segment was one key reason, said the firm in a statement. 

Image: Lewek Centurion / EMAS

Read more

EMAS secures projects totaling US$55 million

EMAS christens US$600 million subsea construction vessel



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